The main empirical data for the study was collected from two settlements in the north-western and northern fringes of Windhoek called Goreangab and Okahandja Park respectively. A total of 440 out of the intended 600 households were successfully interviewed. This paper addresses the study's two central questions: first, the question of whether real estate markets in the urban informal settlements of Namibia could be used to alleviate poverty or, to put it differently, create wealth, and second, to investigate whether types of property rights matter for engendering propoor outcomes in real estate markets.